The cryptocurrency market is facing a steep decline, with major players like Bitcoin, Ethereum, and XRP leading the downward movement. Total market capitalization has fallen 1.16 percent to $2.58 trillion, while trading volume plunged by 37.50 percent to $102.16 billion. Ethereum has suffered a significant price drop below its real-value of $2,000, currently trading at $1,553.06 after a 3.46 percent decline in the last 24 hours. Trading volume for Ethereum has shrunk by 39.72 percent to $20.25 billion, while its market capitalization sits at $187.62 billion. Bitcoin also experienced a notable downturn despite positive macroeconomic data from the United States. Currently trading at $80,530, it’s down 1.88 percent over the past 24 hours. Inflation statistics revealed a 2.4 percent rise in March that initially propelled cryptocurrency prices before retreating, leading to a decrease in Bitcoin’s trading volume by 42.65 percent to reach $44.67 billion. XRP has held relatively steady, but its price is still reflecting broader market weakness, with a small decline of 0.39 percent and trading volume down 51.77 percent to $4.12 billion. The price movement may be linked to the mutual motion filed by Ripple and the U.S. SEC to suspend their court appeal, potentially lowering Ripple’s penalty from $125 million to $50 million. Investor sentiment has taken a hit as the Crypto Fear and Greed Index plummeted to 21, signaling growing anxiety across markets, despite paused tariffs and encouraging inflation data that were expected to support prices. In contrast, Onyxcoin (XCN) emerged as an outlier, recording a remarkable 69.92 percent gain and becoming the day’s top performer with a trading volume of $456.08 million. However, the overall market trend remains bearish as key digital assets continue to decline in value. Traders remain cautious and uncertain about a sustainable recovery in the market.